TSE SHORT POSITIONS (August 19, 1996)

Short positions outstanding at July 31, 1996

Larger individual positions included: Barrick Gold 10,127,048; Agnico-Eagle 297,060; Asia Pacific 116,715; Anvil Range 433,900; Atna Resources 114,600; Anderson Exploration 160,200; Bema Gold 3,112,180; Bolivar Goldfields 102,000; Breakwater Resources 113,200; Bre-X Minerals 177,700; Caledonia Mining 210,200; Campbell Resources 2,512,045; Cominco 422,108; Canadian Natural Resources 3,277,200; CS Resources 205,400; Dayton Mining 396,631; Euro-Nevada Mining 984,944; Falconbridge 183,200; Franco-Nevada Mining 139,766; Gulf Canada Resources 337,214; Greenstone Resources 2,179,608; Golden Star 319,950; Golden Shamrock 6,174,865; Inmet Mining 1,221,946; Kinross Gold 1,034,264; Lytton Minerals 151,400; Inco 1,864,017; Norcen Energy Resources 277,063; Northfield Minerals 116,200; Noranda 1,105,535; Novicourt 855,000; Pan American Silver 127,900; Placer Dome 2,328,915; Pangea Goldfields 141,378; Princeton Mining 1,331,483; Queenstake Resources 409,600; Santa Cruz Gold 736,600; Sikaman Gold 835,500; TVX Gold 625,285; United Keno Hill 447,800; Upton Resources 153,700; Viceroy Resource 150,500; William Resources 526,000.